The balance of cash in often between one to five percent of total assets. Tickthe most appropriate statement with regard to verification of cash in context of this

• A. Cash in always material as materiality is qualitative concept
• B. No audit of cash is needed when, in auditor’s opinion, cash is immaterial. Materiality is a relative concept
• C. The cash balance need only be audited if the balance is in overdraft
• D. Cash is to be verified if control risk is assessed as high